EU insurers' watchdog to issue Brexit guidance to regulators

May 25, 2017

Reuters

The European Union's insurance watchdog will publish guidance for national regulators to ensure they do not undercut one another in attracting firms moving from London due to Brexit, its head of policy said on Thursday.

The risk of such arbitrage has recently crept onto the radar of politicians and regulators as financial services firms begin to outline plans to move operations to different member states following Britain's vote last year to leave the EU.